Fees to Trustee
We are filing a consumer proposal and the trustee has requested when we come in to sign, we bring the first payment in cash with two other cheques for the next two months. Does this seem right? Posted from: Ontario
Consumer Proposals: Answers to Questions
Most Recent ‘Consumer Proposals’ Posts
loc at new bank
i just filed a consumer proposal and was wondering if i could use the line of credit i was given when i opened new bank account at new bank Posted from: Ontario
Exempt Assets in Consumer Proposals
What assets are exempt when a Consumer Proposal is filed in Ontario? I have read that retirement pensions such as RSP’s are exempt… but are RIF’s and LIF’s exempt as well? Posted from: Ontario
Asset concerns
I own a boat and a trailer that are paid for in full but have gotten behind on bills and am thinking of filing a consumer proposal, what will happen to these assets. Posted from: Ontario
bills
How does preferential treatment work with a proposal? can I pay my bills without it being considered preferential treatment? can I pay off small loans? Posted from: Ontario
If the consumer proposal did not work you will likely have to consider filing for bankruptcy
My wife had a consumer proposal. She could not continue paying it. Her consumer proposal was cancelled. The big problem is that the trustee originally marked her monthly income way too high when obviously she did not have any income. What can be done in this situation because she does not want the creditors to […]
Garnisheed Wages
Can I file a consumer proposal if wages are presently being garnisheed? Second can an employer let you go because of this, even if they use another excuse and if so what happens Posted from: Ontario
Fee for Consumer Proposal
On your examples for fees charged, you say the fees are included in the amount offered to creditors i.e. 1/3 of total debt of 75000.00 is 23,000 approx. My trusee is adding $10,000 to this for his fees for a total of 33,000. The breakdown of fees he gave me is as follows: Filing Fee […]
Start payments
Once you have decided to file a consumer proposal and the trustee has everything ready, when are payments started? Is it from the day the proposal is accepted or from the day you file? Posted from: Ontario
Gross Pay
My husband and I are filing a consumer proposal. When they looked at my last paystub they calculated my YTD pay to get my monthly take home amount. However, they included a bonus that I was given this year, small but still. Is this correct as it makes the monthly amount higher when doing this? […]